White Star Capital, an early-stage venture capital firm which
invests internationally, has announced a second fund domiciled in
Guernsey.
The firm had set a $140 million target for its second fund,
following the success of a $70 million structure from Guernsey in
2015. The fund was significantly oversubscribed at $180
million.
White Star Capital has offices in London, New York and Montreal
and has also just opened in Paris and Tokyo. One of its founders
and Managing Partner, Eric Martineau-Fortin, is well-connected with
Guernsey.
It has backed 26 businesses since 2014 – firms which have
gone on to raise more than $650 million and employ some 1,600
people across 20 countries – and has already made eight
investments from the new fund. In all it intends to support about
20 new businesses with initial investments of between $1 million
and $6 million, focusing on companies in fintech, insuretech, data,
digital health and disruptive commerce.
